NORTHERN CALIFORNIA AND NORTHERN NV SOUND and COMMUNICATION APPRENTICESHIP TRNG TR FD (EIN 770178828) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

DOUG LUNG

Phone

5105602032

Tax Period

2023-08-01 to 2024-07-31

NORTHERN CALIFORNIA AND NORTHERN NV SOUND and COMMUNICATION APPRENTICESHIP TRNG TR FD, founded in 1987, is a community nonprofit in the Employment sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $4.0M left a modest 10% surplus.

Mission

TO PROVIDE A PROGRAM FOR THE EDUCATION OF APPRENTICES AND SUPPLEMENTARY EDUCATION OF INSTALLER/TECHNICIANS IN THE SOUND AND COMMUNICATION SEGMENT OF THE ELECTRICAL INDUSTRY WHO ARE COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,865

Program Service Revenue $3,803,892

Investment Income $352,711

Other Revenue $1,031

TOTAL REVENUE $4,379,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,598,312

Fundraising Expenses $0

Program Expenses $2,647,900

Other Expenses $1,353,673

TOTAL EXPENSES $3,951,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,379,499	$4,447,859	0.0%
Expenses	$3,951,985	$4,168,223	-0.1%
Net Income	$427,514	$279,636	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$327,981

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MONROE	TRAINING DIRECTOR	40.0	Key Emp	$251,727	$76,254	$327,981
MICHAEL SHERIFF	project supervisor	40.0	Highest	$167,416	$56,555	$223,971
KEVIN HACKETT	systems engineer	40.0	Highest	$164,407	$55,376	$219,783
THOMAS J FRENZEL	SENIOR INSTRUCTOR	40.0	Highest	$163,100	$56,351	$219,451
CHRISTOPHER COWAN	PROJECT COORDINATOR	40.0	Highest	$160,797	$56,351	$217,148
MICHAEL P SANTO	ASST TRNG DIRECTOR	40.0	Highest	$159,273	$56,273	$215,546
DOUG LUNG	TRUSTEE (FORMER)	1.0	Director	$0	$0	$0
PAT MCMURRAY	TRUSTEE	1.0	Director	$0	$0	$0
GREG ARMSTRONG	TRUSTEE	1.0	Director	$0	$0	$0
JUSTIN SAROYAN	Trustee	1.0	Director	$0	$0	$0
MICHAEL WEIN	TRUSTEE	1.0	Director	$0	$0	$0
TOM HANSEN	TRUSTEE	1.0	Director	$0	$0	$0
Bob Ward	TRUSTEE	1.0	Director	$0	$0	$0
DAN ROMERO	TRUSTEE (FORMER)	1.0	Director	$0	$0	$0
Javier Casillas	TRUSTEE	1.0	Director	$0	$0	$0
Jared Gamble	TRUSTEE	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,379,499	$3,951,985	$18,271,738	$427,514
2023	$4,447,859	$4,168,223	$17,812,691	$279,636
2022	$4,464,070	$3,862,466	$17,682,924	$601,604
2021	$4,554,531	$3,707,099	$16,970,873	$847,432
2020	$4,921,179	$3,632,713	$16,098,184	$1,288,466
2019	$5,572,600	$3,598,628	$14,870,188	$1,973,972
2018	$4,993,220	$3,768,442	$12,853,778	$1,224,778

NORTHERN CALIFORNIA AND NORTHERN NV SOUND and COMMUNICATION APPRENTICESHIP TRNG TR FD